Technology OneASX:TNE -1.10%100 ROA % is 15.66% as of Mar. 2026, which is 13% below its 10-year median of 18.00. GuruFocus rates ASX:TNE with a GF Score™ of 100/100 and a GF Value™ of A$30.03 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,885 Software companies, Technology One ranks better than 93.66% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Technology One's annualizedNet Income for the quarter that ended in Mar. 2026 was A$133.6 Mil.
Technology One's average Total Assets over the quarter that ended in Mar. 2026 was A$853.1 Mil. Therefore, Technology One's annualized ROA % for the quarter that ended in Mar. 2026 was 15.66%.
The historical rank and industry rank for Technology One's ROA % or its related term are showing as below:
ASX:TNE'
s ROA % Range Over the Past 10 Years
Min: 16.7 Med: 18 Max: 20.61
Current: 17.32
During the past 13 years, Technology One's highest ROA % was 20.61%. The lowest was 16.70%. And the median was 18.00%.
ASX:TNE's ROA % is ranked better than 93.66% of 2885
companies
in the Software industry
Industry Median: 1.68
vs ASX:TNE: 17.32
Technology One (ASX:TNE) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Technology One ROA % Related Terms
Technology One ROA % Historical Data
* Premium members only.
The historical data trend for Technology One's ROA % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, Technology One's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Technology One ROA % vs Software Industry
For the Software industry and Technology sector, Technology One's ROA % distribution charts can be found below:
* The bar in red indicates where Technology One's ROA % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Technology One (ASX:TNE) has a ROA % of 15.66% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Technology One and its competitors. This is 13% below median its historical median of 18.00. Over the past decade, Technology One's ROA % has ranged from 16.70 to 20.61. According to the industry distribution chart, Technology One ranks #183 out of 2885 companies in the Software industry, placing it in the top 6.3%.
Is Technology One's ROA % too high?
Technology One's current ROA % of 15.66% is 13% below median its 10-year median of 18.00. Over the past 10 years, this metric has ranged from a low of 16.70 to a high of 20.61. The Software industry median ROA % is 1.68. Technology One's value of 15.66% is 832.1% above this industry median. Based on the distribution chart, Technology One ranks #183 out of 2885 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Technology One has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Technology One's ROA % compare to CRM and SHOP?
According to the Software industry distribution chart, Technology One ranks #183 out of 2885 companies for ROA %. This places Technology One in the top 6% of its industry — outperforming the majority of peers. The industry median ROA % is 1.68. Technology One's value of 15.66% is 832.1% above this benchmark. Historically, Technology One's own ROA % has ranged from 16.70 to 20.61 over the past decade. While the company's 10-year median is 18.00 vs. the industry median of 1.68, Technology One has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Software company?
The median ROA % among Software companies is 1.68, based on 2,885 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Technology One's current ROA % of 15.66% is 832.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Technology One and its competitors. For the Software industry, the median ROA % is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Technology One's current ROA % is 15.66%, which is 13% below median its own 10-year median of 18.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technology One stock overvalued right now?
Based on GuruFocus' analysis, Technology One (ASX:TNE) is currently considered Fairly Valued. The stock's GF Value™ is A$30.03, compared to a current price of A$28.87 — trading 3.9% below its estimated fair value. The current ROA % is 15.66%, which is 13% below median its 10-year median of 18.00 and 832.1% above the Software industry median of 1.68. Technology One's overall GF Score™ is 100/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Technology One (ASX:TNE), the current ROA % is 15.66% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Technology One (ASX:TNE) Overvalued in 2026?
Based on GuruFocus' analysis, Technology One stock appears to be undervalued.
The current stock price of A$28.87 is trading 3.9% below its estimated GF Value™ of A$30.03.
GuruFocus considers Technology One to be Fairly Valued.
Key valuation signals for ASX:TNE:
ROA %: 15.66% (13% below median its 10-year median of 18.00)
GF Value™: A$30.03 vs. price of A$28.87 (3.9% below fair value)
Industry Position: 832.1% above the Software median (#183 of 2885)
No single metric tells the full story. See the ASX:TNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Technology One is a technology company providing enterprise resource planning software, primarily to governmental organizations, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99%, and a consistently growing number of products used per customer.
100GF Score
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